1550 ET - Topgolf Callaway Brands' sale of its Jack Wolfskin apparel brand is a step in the right direction, Jefferies analysts say in a research note. The analysts say the sale paves the way for the company to become a pure-play golf equipment company once again, aligning with favorable industry dynamics as consolidation and demographic trends are expected to boost pricing and golf participation. The analysts say shares appear to have reached a bottom and have strong value with the company's Topgolf spin-off expected to be completed later this year. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 15:50 ET (19:50 GMT)
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